How To Spring Clean Your Finances

If you’re anything like me, then you might religiously check your budget and track your personal expenses every month so you can stay on top of things. However, staying on top of things doesn’t necessarily mean you are void of having no emergency savings, a mountain of debt up to your ears, and about $100 in your bank account to get you through the rest of the month.

I spoke about this topic on my Savings Segment on Fox. Watch the replay video here:

Cancel Any Unused Subscriptions And Memberships

Go through your online banking transactions or credit card statements in your personal expenses and write down any subscription or membership charges that you have.

Once you have your list, go through and ask yourself if you are honestly using all of your memberships.

A cheat I use for this is an app called Clarity Money. Once you set up your account, simply log into your bank account and then it will analyze your spending to see if there are any memberships it can either negotiate a lower rate or cancel altogether. If they cancel one something for you, they will keep 1/3rd of the savings only for that first month as a commission. That’s WELL WORTH the hassle you will avoid by having to call and negotiate yourself.

Are there any alternatives that would work just as well as the ones you are using, but cost less?

Did you know that there are typically around 15 FREE Magazine Subscriptions you can sign up for? You can read those instead of the ones you’d pay for! The best part is that you won’t even ever get a bill (and it will not automatically renew you and charge you later)! I’m talking about good ones such as Better Home & Gardens and Martha Stewart Living!

Cut Unnecessary Spending

In addition to getting rid of any clutter that you don’t need while spring cleaning your home, consider cutting any unnecessary spending from your personal expenses as well.

Are you eating out more than you should? Spending money on useless things you don’t need?

These can all be red flags that you need to do some cutting in your budget and personal expenses. Instead, find a better use for that money and invest in something that will bring you joy in the years to come.

YOUR TURN: What is one of your financial goals? Saving for a new car? Vacation? Let me know in the comments below!

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It’s a new year and a fresh start! If your New Year’s resolution this year is to make better money management decisions or even give your finances a financial makeover, you’re in the right place! I’m going to show you how to plan for your best financial year yet!